Following their missed $16 million loan payment last week, Stuyvesant Town owners Tishman Speyer and BlackRock have been ordered by debt holders to pay up in 10 days, or else. This signals the start of a messy foreclosure process, and in a letter one jilted group said it'll pursue "rights and remedies" including a foreclosure sale. "The sharks are circling in the waters," City Councilman Dan Garodnick said. [Bloomberg; previously]
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